The city government of Pleasantville promised significant tax breaks to a large retailer if it expanded its presence,which would result in nearly 200 new local jobs.However,the retailer found another location better for expansion.As a result,the city of Pleasantville instituted clawbacks by _____.

Question

Quizplus · Accepted Answer

If a community gives a company tax breaks in return for the promise of new jobs and the firm fails to do so,the community may do clawbacks,which means rescinding the tax breaks when firms don't deliver promised jobs.

The City Government of Pleasantville Promised Significant Tax Breaks to a Large